Preface
The market crash of 2008 and the subsequent economic problems in the US and Europe have left the financial markets and investment funds struggling to overcome the twin burden of increased, and costly, regulation and a loss of confidence and trust by investors.
What has been the impact?
The growth of complex structured products has slowed and indeed an article in the Financial Times noted that an attempt to ‘revive’ collateralized debt obligations by two big investment banks had been abandoned. Meanwhile hedge funds seem to have recovered to levels pre 2008 at least in terms of number if not returns although worries about new regulation as a result of the Dodd-Frank Act in the US and the Alternative Investment Fund Managers Directive ...
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